Blue Chip co-founder Mark Bryers is to face criminal charges over the property company's collapse.
The company collapsed in February with more than 2,000 investors losing $84 million.
A spokesperson for the Companies Office has confirmed criminal charges have been laid against Mark Bryers for alleged breaches of the Companies Act.
Emilia Mazur says no details of the charges can be made public until the documents have been served.
That is likely to happen this week, when Mr Bryers is due back in the country for a court appearance at the Auckland District Court on Friday on charges relating to the management of a luxury resort.
The Commerce Commission and the Serious Fraud Office are also investigating Blue Chip and Mr Bryers.
An Auckland lawyer representing many investors, Paul Dale, says the issues are so complex that there are bound to be more charges.
He says it is not a great consolation to investors that charges have been laid because it does not solve their immediate problems, which for most of them includes the risk of a mortgagee sale.
